Thor Explorations – A Maiden Resource Estimate At Douta, A New Discovery At Mansa, And An Operational Update At Segilola
Segun Lawson, President and CEO of Thor Explorations (TSX.V:THX – US:THXPF), joins us for an exploration and operations update. We start off discussing the recent news release from November 17th on the Maiden Mineral Resource Estimate for the Makosa Deposit, which is located in the southern portion of the Douta Gold Project in Senegal. In addition, at the end of the exploration program their geological team still had room for a few extra drill holes to test a new target, and it was just announced that the Company made a new mineralized discovery at the Mansa Prospect.
Next we shifted focus to review the move into commercial production at the Segilola Gold Project in Nigeria, and how after a few initial teething slowdowns in October, that things are now moving along at the expected metrics. The Company has made it up to nameplate ore throughput, with an average head-grade of 4 g/t, an AISC under $700 per ounce, and target production guidance for 2022 of 90,000 – 105,000 ounces next year.
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